Citizens Financial Group Inc. RI Has $721,000 Holdings in Royal Caribbean Cruises Ltd. $RCL

Citizens Financial Group Inc. RI raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 21.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,296 shares of the company’s stock after purchasing an additional 405 shares during the period. Citizens Financial Group Inc. RI’s holdings in Royal Caribbean Cruises were worth $721,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in RCL. Vanguard Group Inc. increased its holdings in Royal Caribbean Cruises by 2.1% in the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock worth $5,890,943,000 after buying an additional 602,447 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Royal Caribbean Cruises by 6.6% during the 2nd quarter. Geode Capital Management LLC now owns 6,667,927 shares of the company’s stock worth $2,079,877,000 after purchasing an additional 415,230 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Royal Caribbean Cruises by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,018,299 shares of the company’s stock worth $945,150,000 after purchasing an additional 27,220 shares during the last quarter. Nuveen LLC bought a new position in shares of Royal Caribbean Cruises during the 1st quarter valued at $358,614,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Royal Caribbean Cruises by 4.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,332,682 shares of the company’s stock valued at $273,786,000 after purchasing an additional 59,743 shares during the last quarter. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Up 2.0%

Shares of NYSE:RCL opened at $251.69 on Wednesday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.21 and a current ratio of 0.16. The stock’s 50-day moving average is $302.30 and its 200-day moving average is $302.07. The company has a market cap of $68.64 billion, a P/E ratio of 16.93, a P/E/G ratio of 0.84 and a beta of 2.04. Royal Caribbean Cruises Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share for the quarter, beating the consensus estimate of $5.68 by $0.07. The firm had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.16 billion. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.20 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. Equities research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Stockholders of record on Thursday, September 25th were paid a $1.00 dividend. The ex-dividend date was Thursday, September 25th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 annualized dividend and a dividend yield of 1.6%. Royal Caribbean Cruises’s dividend payout ratio is 26.90%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. TD Cowen initiated coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, July 22nd. They set a “buy” rating and a $405.00 target price on the stock. Truist Financial lowered their price objective on Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating on the stock in a report on Friday, September 19th. JPMorgan Chase & Co. reduced their target price on Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Friday, October 31st. Finally, Mizuho dropped their price target on shares of Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $326.82.

Insider Activity

In related news, Director Maritza Gomez Montiel sold 1,100 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $281.76, for a total transaction of $309,936.00. Following the transaction, the director owned 14,234 shares of the company’s stock, valued at approximately $4,010,571.84. The trade was a 7.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.